Question

The scatter plot shows the annual profit for a certain airline​ (in millions of​ dollars) for years between 2000 and 2010. The equation of the trend line shown is y=0.2x+4.8x​, where x represents the number of years since 2000 and y represents the profit. Use the equation to estimate the profit in 2007.

in 2002​, the profit was about ​$
​(Type an integer or a​ decimal.)

Answer 1

To estimate the profit in 2007 using the equation of the trend line, you can substitute x = 7 (since 2007 is 7 years after 2000) into the equation y = 0.2x + 4.8:

y = 0.2 * 7 + 4.8

y = 1.4 + 4.8

y = 6.2

So, the estimated profit for the airline in 2007 is $6.2 million.

Now, to estimate the profit in 2002, you can substitute x = 2 (since 2002 is 2 years after 2000) into the equation:

y = 0.2 * 2 + 4.8

y = 0.4 + 4.8

y = 5.2

So, the estimated profit for the airline in 2002 is $5.2 million.